simplyaskit meets Mortgage Broker Sam Zammit from Liverpool Sydney

Welcome Sam

Hong long have you been a mortgage broker and where is your business located?

I have been a mortgage broker since February 2015, however, I have been in the finance industry since 1992 in various roles from branch manager and credit. I have also managed brokers in previous roles.

My business is located in Liverpool NSW

What is the name of your business?

South West Lending Solutions

Is there a particular type of finance you specialise in?

I try and provide a one stop shop for my clients. Based on this I don’t specialise in any one particular area.

What is it about being a mortgage broker you enjoy most?

I find it very rewarding to be able to assist my clients in realising their dream of home ownership; especially those clients who have more challenging requirements.

Which lenders do you feel provide the best service?

I tend to receive fairly good service levels from all the lenders that I use. This is primarily due to my relationships with their Business Development Managers.

What is the property market like in your region?

The property market in the south west of Sydney is thriving. Liverpool and the surrounding area is arguably the fastest growing in NSW if not Australia.

Housing affordability is becoming a bit of an issue as demand outweighs supply. Having said that; there has been a slight shift and the market has somewhat corrected itself over the last 3-4 months.

Are there any particular suburbs you think would represent growth opportunities for home owners?

Any suburb that is within reasonable proximity to the new Badgerys Creek Airport development has the potential for massive growth in my opinion.

The Federal Government is spending a vast amount of money to upgrade roads and other infrastructure in the south west in readiness for the new airport.

I would be rather surprised if property values do not nudge the $1million mark if not exceed $1 million once the airport is operational.

What’s the one aspect of a loan all borrowers should be aware of?

Borrowers should be aware of rising rates.

Borrowers have become accustomed to the low cash rate and the historically low rates that lenders have on offer at the moment. A good broker will assess their clients capacity to service a loan at a realistic level. I personally assess my client’s serviceability at 7.50% (and sometimes 8%) this provides a decent buffer to combat inevitable rate rises.

What are your favourite hobbies?

Camping and anything to do with the outdoors.

To find out more about Sam’s advice and expertise click